光迅科技(002281) - 2020 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2020 was ¥733,738,740.69, a decrease of 39.81% compared to ¥1,219,084,111.81 in the same period last year[3] - The net profit attributable to shareholders was a loss of ¥5,513,189.65, representing a decline of 108.62% from a profit of ¥63,929,521.77 in the previous year[3] - The basic earnings per share for the period was -¥0.01, down 110.00% from ¥0.10 in the same period last year[3] - The company reported a net profit of CNY 1,660,364,147.15, down from CNY 1,665,877,336.79, a decrease of approximately 0.10%[21] - The net profit for the first quarter of 2020 was -49,349,639.84 CNY, a significant decrease compared to a net profit of 65,530,883.16 CNY in the same period last year[30] - Operating profit for the first quarter was -45,931,573.66 CNY, down from 67,239,395.67 CNY year-over-year[30] - Total profit for the quarter was -49,887,910.39 CNY, compared to a profit of 67,467,766.86 CNY in the previous year[30] Cash Flow - The net cash flow from operating activities increased significantly to ¥250,158,465.04, up 384.49% from ¥51,633,152.96 in the same period last year[3] - Cash flow from operating activities generated a net inflow of 250,158,465.04 CNY, an increase from 51,633,152.96 CNY in the same quarter last year[34] - Total cash inflow from operating activities was ¥1,303,319,820.31, down 11.8% from ¥1,477,127,032.26 in the previous year[35] - Cash outflow from operating activities decreased to ¥1,167,130,741.54 from ¥1,488,336,067.48, reflecting a reduction of 21.6%[35] - The net cash flow from investing activities was -¥477,404,958.31, worsening from -¥180,561,676.27 year-over-year[36] - Cash inflow from investing activities increased significantly to ¥541,707,419.73 from ¥160,555,210.08, marking a growth of 237.5%[36] - The net cash flow from financing activities was -¥13,078,764.00, a decline from a net inflow of ¥19,045,173.96 in the same quarter last year[36] Assets and Liabilities - The total assets at the end of the reporting period were ¥7,004,657,945.09, a decrease of 3.15% from ¥7,232,506,900.35 at the end of the previous year[3] - Total current assets decreased to ¥5,455,724,530.37 from ¥5,683,501,467.91, indicating a reduction in liquidity[18] - Current liabilities decreased from CNY 2,409,045,007.35 to CNY 2,172,205,387.04, a reduction of about 9.83%[20] - Total liabilities decreased from CNY 2,699,761,147.47 to CNY 2,472,669,745.59, a decrease of approximately 8.43%[20] - Owner's equity totalled CNY 4,531,988,199.50, slightly down from CNY 4,532,745,752.88, a decrease of about 0.02%[21] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 63,223[6] - The largest shareholder, Fenghuo Technology Group Co., Ltd., held 43.05% of the shares, totaling 291,478,944 shares[6] Government Support and Investments - The company received government subsidies amounting to ¥2,901,096.68 during the reporting period[4] - The company has engaged in entrusted wealth management with a total amount of ¥82,000,000, with no overdue amounts[14] Impairment and Expenses - The company reported a 219.06% increase in asset impairment losses to ¥10,453,099.87, mainly due to increased inventory impairment provisions[11] - Investment income recorded a loss of ¥2,307,046.98, a 100% decrease due to losses from investments in joint ventures[11] - The company incurred asset impairment losses of 10,500,000.00 CNY during the quarter[30] - The company reported a financial expense of CNY -12,665,033.60, a significant improvement from CNY 10,981,847.78 in the previous year[26] Research and Development - The company's R&D expenses increased to CNY 90,818,218.44, up 18% from CNY 76,968,676.97 in the previous year[26] - The company plans to continue focusing on R&D and market expansion despite the current financial challenges[28] Audit and Reporting - The company did not undergo an audit for the first quarter report[38] - The report was released by the Chairman, Yu Shaohua, on April 30, 2020[39]